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California Powerball Jackpot Annuity Payout Schedule for Oct 29, 2011

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The tax information provided here is based on 2025 federal marginal rates and state tax rates.  It shows the final federal and state tax burdens each year, not the amount initially withheld by the lottery.

The Powerball annuity jackpot is awarded according to an annually-increasing rate schedule, which increases the amount of the annuity payment every year.  The table below shows the payout schedule for a jackpot of $209,200,000 for a ticket purchased in California, including taxes withheld.

Please note, the amounts shown are very close approximations to the amount a jackpot annuity winner would receive from the lottery every year.  They are not intended to specify the exact final tax burden, which may vary depending on how the winner chooses to invest or dispense their money, as well as deductions claimed.

State:

California

Drawing Date:Sat, Oct 29, 2011
Jackpot:$209,200,000
Federal Tax:37% marginal rate
State Tax: No state tax on lottery prizes
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,730,057$1,337,141$0$2,392,915
2$3,879,259$1,392,346$0$2,486,913
3$4,034,429$1,449,759$0$2,584,670
4$4,195,807$1,509,469$0$2,686,338
5$4,363,639$1,571,567$0$2,792,072
6$4,538,184$1,636,148$0$2,902,036
7$4,719,712$1,703,314$0$3,016,398
8$4,908,500$1,773,165$0$3,135,335
9$5,104,840$1,845,811$0$3,259,029
10$5,309,034$1,921,363$0$3,387,671
11$5,521,395$1,999,936$0$3,521,459
12$5,742,251$2,081,653$0$3,660,598
13$5,971,941$2,166,638$0$3,805,303
14$6,210,819$2,255,023$0$3,955,796
15$6,459,251$2,346,943$0$4,112,308
16$6,717,621$2,442,540$0$4,275,081
17$6,986,326$2,541,961$0$4,444,365
18$7,265,779$2,645,359$0$4,620,421
19$7,556,411$2,752,892$0$4,803,518
20$7,858,667$2,864,727$0$4,993,940
21$8,173,014$2,981,035$0$5,191,978
22$8,499,934$3,101,996$0$5,397,938
23$8,839,932$3,227,795$0$5,612,137
24$9,193,529$3,358,626$0$5,834,903
25$9,561,270$3,494,690$0$6,066,580
26$9,943,721$3,636,197$0$6,307,524
27$10,341,470$3,783,364$0$6,558,106
28$10,755,128$3,936,418$0$6,818,711
29$11,185,334$4,095,594$0$7,089,740
30$11,632,747$4,261,137$0$7,371,610
Total$209,200,000$76,114,607$0$133,085,393

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Note: The Net Payment total above may be a few dollars off from the total after-tax annuity amount shown on the Jackpot Analysis page because the Jackpot Analysis page shows an average annual payment, whereas we calculate an exact payment here.